CTA Red Line

January 10, 2017 Comments Off on CTA Receives $1.1B Grant for Improvements Views: 392 Illinois, Midwest, National News

CTA Receives $1.1B Grant for Improvements

The city of Chicago received approximately $1.1 billion in federal grants to rebuild a stretch of the Chicago Transit Authority’s (CTA) mass-transit train line, the “L’s” Red Line north. The money will be used to build new stations, and upgrade signals, track and structures in a mile-long stretch from Lawrence Avenue to Bryn Mawr Avenue. Also in the line for upgrades is a bypass separating the Red and Brown line tracks, just north of Belmont Avenue.

The U.S. Department of Transportation and the city will be signing a contract committing the DOT’s Federal Transit Agency to provide $957 million  in “core capacity” funds” and an additional $125 million in anti-congestion money. The money will be matched with a special transit taxi-increment financing district covering property one-half mile on either side of the Red Line from North Avenue to the city limits.

Read More at Crain’s Chicago Business

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